News of Brexit - What good or bad for cryptocurrency ?

[Woshib]

I don't know if I'm in the good topics but does the Brexit of UK from Europe will have an impact an cryptocurrency ?

What's your opinion ?
Will we have in few days an UK coin, Walles coin ...

What good can we extract from this news for the cyptocurrency world ?

I do not know the impact of the Brexit on the price of Bitcoin, or other altcoins.
But what is certain is that there will be more investors in Bitcoin.
So, it is likely that the price will increase.

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[cjmoles]

If BREXIT damages the global economy, then all currencies will be impacted in a negative manner.  We have to remember that currencies are just means to exchange goods and services.  If there are interruptions in the ability of the people to produce goods or provide services then the currencies used to exchange those goods and services will also be affected.

[Raimonn]

Brexit could be good for cryptocurrency because more people find other coins or assets to secure its money, it will depend on its national currency if it countinues loosing more people will be interested on bitcoins, but if the pound recovers they will forget.

[OROBTC]

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So far, Brexit has had very little effect on BTC price, at least that I can see.  BTC is down today a little, and has not changed much since early Friday morning (US ET) when the Brexit results came in.

This suggests that maybe BTC is not that great as a "Fear Trade".  To my knowledge, this is the first Big Financial Event to happen since BTC became famous (or at least since I started participating).  The next few days will be of interest watching BTC prices, especially if there is further turbulence in the financial markets worldwide.  CHINA just devalued, I just read that at Zero Hedge, their Premier Li said that there are already ripple effects on them re Brexit...

Gold has moved nicely since early AM Friday, including about $9.00 last I looked (Asian trading).

A good test of Bitcoin as a safe haven trade would be its change during the collapse of an entire country.  A candidate to watch would be Venezuela, that country is in deep scheisse now.

[AlgoSwan]

It’s pretty well agreed that we’re now living in an economic crisis. It’s also pretty well agreed that most economists, especially so-called establishment economists, don’t know what to do about it. In this conditions real gold and BTC will shine for sure.

[Carlsen]

I can not see a connection between the UK and bitcoin.
And everything not connected to the UK is seen as safe and positive as it will not suffer under the unpredictional effects of the brexit.
Therefore the brexit might be good for bitcoin because the future of the uk economy is not seen to be a bright one.

[helloeverybody]

I still don't think brexit is having any  effect on bitcoi.   Price is  still around about what it was  before brexi,   maybe even lower.  For people to use bitcoin to invest in they need to know about it and feel that its a safe be.   And at the momenti  just don't think with people are aware of bitcoin. 

[Pursuer]

I still don't think brexit is having any  effect on bitcoi.   Price is  still around about what it was  before brexi,   maybe even lower.  For people to use bitcoin to invest in they need to know about it and feel that its a safe be.   And at the momenti  just don't think with people are aware of bitcoin. 

price will always start changing as soon as there is a news not after everything is done and dusted. and in this case the $100+ rise was started as soon as brexit news was released and there was a small speculation about bitcoin price. after price hit bitcointalk and everybody was talking about it, it was already too late and price has gone up already.

besides in my opinion the biggest effect that brextit had on bitcoin was the good news that is being spread about bitcoin because of it. and that is better than any price rise.